In addition, committing ~ $200K requires some level of sophistication on the part of the investor and you are more likely to find someone to agree to your terms in smaller transaction sizes, but even that will be difficult. 

It looks like they are sending out refund contracts kind of on a first-come, first-serve basis, with some levels of priority because there are so many investors in these deals, which is why I'm telling you today to get moving on this ASAP given the number of investors who are jumping in for refunds.I do not recommend you stay in this deal because they will be raising prices.

Is this realtor providing you with the level of detail analytics that you need to make an informed decision?

Thanks Joe, you helped really press some buttons of next level thoughts and considerations on this. 

My basic assumption is I would be trading a certain level of cash flow for increased appreciation over a period of 10 years.

Covering a significant portion of my mortgage has been a great reward.Solution: My four levels of vetting have helped me find quality room-renters over the last 18 months.I think you already have the answers to your situation.

Make sure you are sold on the particular project to get a level of comfort.Past projects might have been A to B areas where upside was greater and risk was lower.

An NFL player at 250 lbs is going to be a different fitness level than couch potato that weighs 250 lbs.

This would be an area where you think the market is more likely to yield the level of investment return that you are targeting.

You will have the opportunity to meet like minded individuals with all different levels of investing.